Agriculture (198)

Savanna Beef Processors, a grouping of Namibian beef producers, has raised an additional N$12,3 million from 39 producers on the opening day of its 2nd capital raise which opened on Friday.

Northern communal farmers may get an opportunity to export beef to the European market following plans to construct a N$35 million meat processing plant at Katima Mulilo funded by the European Union (EU).

Namibia’s beef market recorded a 20% growth in cattle marketed for the first half of 2022 in a clear sign of recovery from the prolonged drought, Agribank has said.

The Ministry of Agriculture has lifted control measures imposed after an outbreak of a highly pathogenic avian influenza (HPAI) was detected in the Erongo region and killed over 1,000 wild birds, mainly cape cormorants.

The Food and Agricultural Organisation (FAO) and Namibia Statistics Agency (NSA) have joined forces to conduct an agricultural census to assist with planning in the sector.

The United Nations Development Programme (UNDP) says Namibia needs to increase investment in agriculture to achieve food security amidst the raging Russia-Ukraine conflict that is threatening both global and African food security.

The Meat Corporation of Namibia (Meatco) has secured a N$200 million loan facility from the Development Bank of Namibia (DBN).

Livestock trading increased significantly in the first half of 2022 led by cattle marketing which increased by 20.3%.

The Government has been urged to create an enabling environment, policies and programs that will attract more youth to venture into agriculture.

Agribank and the Namibia Biomass Industry Group (N-BiG) have signed a 5-year Memorandum of Understanding to cooperate in the development and amendment of financing products aimed at scaling-up projects in bush control and biomass utilization, as well as the sharing of data required to develop loan products that are responsive to market needs.

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